Question

In what time will Rs.15625 on to Rs.1 7576 at 4% per annum compounded interest

Answer 1

Answer:

THE TIME IS 3 YEARS

Step-by-step explanation:

PARAMETERS GIVEN,

PRINCIPAL=₹15625

RATE%=4%

AMOUNT = 17576

LET THE TIME BE x

SO,

WE KNOW,

A=P(1+R/100)^n

17576=15625(1+4/100)^n

17576=15625(26/25)^n

17576/15625=(26/25)^n

(26/25)³=(26/25)^n

AS BASES ARE SAME,

THE POWERS SHOULD ALSO BE SAME

SO,

n=3

SO,

TIME = 3 YEARS

I HOPE YOU UNDERSTOOD THE QUESTION